Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.64% | +0.57 | 1.08% |
| Return on Equity (%) | ▲ | 14.28% | +6.25 | 8.03% |
| Net Interest Margin (%) | ▲ | 4.25% | +0.41 | 3.85% |
| Efficiency Ratio (%) | ▲ | 48.82% | -10.75 | 59.57% |
| Pre-Provision Profit ($M) | ▲ | $2 | +0.71 | $1 |
| Cost of Funds (%) | ▲ | 1.81% | -0.05 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $275 | +50.95 | $224 |
| Gross Loans ($M) | ▲ | $175 | +49.25 | $126 |
| Loan Growth YoY (%) | ▲ | 71.87% | +7.38 | 64.49% |
| Total Deposits ($M) | ▲ | $241 | +48.04 | $193 |
| Shareholders Equity ($M) | ▲ | $33 | +3.03 | $30 |
| Tang. Book Value ($M) | ▲ | $29 | +3.11 | $26 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +3.03 | $27 |
| Loan / Deposit Ratio (%) | ▲ | 71.87% | +7.38 | 64.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.08% | -0.06% | 1.14% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▇▇██ | Net Interest Margin (%) | 3.84% | 3.87% | 3.92% | 3.85% | 4.18% | 4.18% | 4.26% | 4.25% |
| ▁▂▂▃▅▆▇█ | Return on Assets (%) | 0.79% | 0.90% | 0.95% | 1.08% | 1.27% | 1.35% | 1.44% | 1.64% |
| █▇▇▆▄▃▂▁ | Efficiency Ratio (%) | 66.0% | 63.6% | 63.1% | 59.6% | 57.1% | 54.0% | 52.9% | 48.8% |
| ▅▇█▄▃▁▅▂ | Cost of Funds (%) | 1.89% | 1.95% | 2.00% | 1.87% | 1.85% | 1.77% | 1.89% | 1.81% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▂▂▄▄▆▇█ | Tang. Book Value ($M) | $23 | $25 | $25 | $26 | $26 | $27 | $28 | $29 |
| ▁▁▂▂▅▇██ | Gross Loans ($M) | $112 | $116 | $124 | $126 | $145 | $160 | $168 | $175 |
| ▁▁▂▃▃▆█▇ | Total Deposits ($M) | $163 | $171 | $186 | $193 | $194 | $231 | $257 | $241 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 16% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 74% |
| Brokered / Other | 7% |